Temple economies have existed in India for millennia, serving as religious and socio-economic hubs. Land endowments, donations, and pilgrim influx fueled their financial strength, supporting not just rituals but also education, art, and community welfare. Religious tourism in India has been on an upward trajectory, projecting a CAGR of over 16% between 2023 and 2030. Post COVID, religious inclination of Indians has become stronger. Industry reports also indicate a significant rise in overnight journeys for pilgrimage & 14% rise in donations in the year 2021-2022, says Sachin Alug, CEO, NLB Services. Ayodhya To Surpass Mecca, Vatican As Global Spiritual Tourism. Ayodhya is expected to welcome 50 million tourists a year, much higher than Mecca's 20 million and Vatican City's 9 million.
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